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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Small Molecule API Market Analysis
The global market for small molecule API is influenced by several factors such as increased research and development activities within the pharmaceutical sector. Pharmaceutical companies across the world are increasing their research towards the use and exploring the full potential of small molecule API in a range of rare diseases and disorders as well, which is contributing to the market growth. The increasing prevalence of chronic disease and rising demand for generic medicines are also major factors contributing to the market growth of small molecule API. Increased technological advancements in manufacturing and availability of cost-effective treatment options are also influencing the global small molecule API market growth.
The utilization of small molecule API in the development of targeted treatment of rare diseases such as cancer and other autoimmune diseases, is a major factor driving the market growth. Such involvement can result in new market opportunities for small molecule API companies. Additionally, the rising diseases such as diabetes, cardiovascular disease, and cancer are also driving the high demand for pharmaceutical drugs globally, which also includes precision or targeted medicines.
The heavy investments made by the key players in advanced technology and infrastructure for develop high-potency APIs (HPAPIs) is expected to aid the global small molecule API market share. The advancements in manufacturing techniques and technologies have enabled large-scale production of high-quality APIs. These innovations have improved manufacturing efficiency and reduced costs which has made pharmaceutical drugs affordable and accessible for patients, further boosting the high demand in market. The rising approvals of new drugs in the market, backed by extensive research and clinical trials are further propelling the market expansion.
Small Molecule API Market Report Snapshots
Small Molecule API Market Size
Small Molecule API Market Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market attained a value of about USD 195.87 billion in 2023, driven by the increasing prevalence of cancer.
The market is anticipated to grow at a CAGR of 6.8% during the forecast period of 2024-2032, likely to reach a market value of USD 354.09 billion by 2032.
The increased demand for new and improved therapeutic drugs across the globe is a major factor driving the demand for the market.
The increasing FDA approvals for new drugs and the utilization of HPAPIs in the development of precision drugs is key trend influencing the market growth.
The major regions of the market include North America, Europe, Asia Pacific, Latin America, Middle East and Africa. North America is currently leading the global market.
Synthetic/chemical API and biological API are two types of small molecule APIs.
They can be used in autoimmune diseases, oncology, metabolic diseases, ophthalmology, cardiovascular diseases, infectious diseases, neurology, respiratory disorders, dermatology, and urology, among others.
They could be manufactured in-house or on contractual basis.
They find wide applications in clinical and commercial sector.
Key players involved in the market are Albemarle Corporation, Allergan, Aurobindo Pharma, Cambrex Corporation, Dr. Reddy’s Laboratories Ltd., GSk plc., Lonza, Merck KGaA, Novartis AG, Pfizer Inc., Siegfried Holding AG, Sun Pharmaceutical Industries Ltd., Teva Pharmaceutical Industries Ltd., Gilead Sciences, Inc., and Johnson Matthey.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124